Fresenius Medical Care AG (FMS) Return on Capital Employed (2009 - 2025)
Fresenius Medical Care AG (FMS) posted quarterly Return on Capital Employed of 14.5% for Q4 2025, up 332.0% year-over-year from 3.36% in Q4 2024, and up 22.36% on a QoQ basis from 11.85% in Q3 2025.
Fresenius Medical Care AG (FMS) Return on Capital Employed (2009 - 2025) Analysis & Trends
Fresenius Medical Care AG (FMS) has reported Return on Capital Employed for 17 consecutive years, with 14.5% the latest figure, recorded in Q4 2025.
- In Q4 2025, Return on Capital Employed rose 332.0% year-over-year to 14.5%; the TTM figure through Dec 2025 stood at 14.5% (up 332.0% YoY), while the FY2025 annual figure was 7.41%, up 247.0% from the prior year.
- Return on Capital Employed came in at 14.5% for Q4 2025 at Fresenius Medical Care AG, up from 11.85% in the prior quarter.
- The five-year high for Return on Capital Employed was 44.07% in Q1 2021, with the low at 4.42% in Q3 2023.
- Average Return on Capital Employed over 5 years is 12.86%, with a median of 11.65% recorded in 2025.
- Across the five-year window, Return on Capital Employed soared 1705 bps in 2021 and plunged 2780 bps in 2022, its largest moves.
- Year by year, Return on Capital Employed stood at 18.77% in 2021, then plunged by 34 bps to 12.43% in 2022, then dropped by 24 bps to 9.46% in 2023, then increased by 18 bps to 11.18% in 2024, then climbed by 30 bps to 14.5% in 2025.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 14.5%, 11.85%, and 11.89% for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 87.94 Bn | 90.32 Bn | 16.26 Bn | -18.08% |
| 2 | Chemed | 18.08 Bn | 18.07 Bn | 215.76 Mn | 26.99% |
| 3 | Tenet Healthcare | 16.59 Bn | 15.76 Bn | 4.41 Bn | 15.90% |
| 4 | Davita | 15.37 Bn | 16.23 Bn | 1.07 Bn | 14.27% |
| 5 | Encompass Health | 10.07 Bn | 10.70 Bn | 1.34 Bn | -2.33% |
| 6 | Ensign | 9.52 Bn | 8.93 Bn | 293.37 Mn | 9.57% |
| 7 | Universal Health Services | 9.19 Bn | 9.15 Bn | 3.21 Bn | 16.52% |
| 8 | Pacs | 6.96 Bn | 6.72 Bn | 345.96 Mn | 8.38% |
| 9 | Ww International | 6.14 Bn | 5.98 Bn | -149.29 Mn | -0.28% |
| 10 | Fresenius Medical Care AG | - | - | 19.45 Bn | 7.67% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 7.67% |
| Sep 30, 2025 | 6.19% |
| Jun 30, 2025 | 6.13% |
| Mar 31, 2025 | 5.86% |
| Dec 31, 2024 | 5.65% |
| Sep 30, 2024 | 11.21% |
| Jun 30, 2024 | 10.38% |
| Mar 31, 2024 | 10.27% |
| Dec 31, 2023 | 9.46% |
| Sep 30, 2023 | 4.42% |
| Jun 30, 2023 | 4.87% |
| Mar 31, 2023 | 12.21% |
| Dec 31, 2022 | 12.43% |
| Sep 30, 2022 | 10.62% |
| Jun 30, 2022 | 11.28% |
| Mar 31, 2022 | 29.84% |
| Dec 31, 2021 | 33.14% |
| Sep 30, 2021 | 7.19% |
| Jun 30, 2021 | 7.67% |
| Mar 31, 2021 | 22.71% |